Liu Qiangdong: JD.com hopes to apply for stablecoin licenses in all major currencies in the world, reducing cross-border payment costs by 90% – Passionategeekz

Passionategeekz On June 17, according to Sina Technology, Liu Qiangdong, chairman of the board of directors of JD.com, said in a sharing session today,JD.com hopes to apply for stablecoin licenses in all major currencies in the worldand then exchanges between global enterprises through stablecoin licenses, reducing global cross-border payment costs by 90%, and increasing efficiency to within 10 seconds.

“Now, it takes an average of 2 to 4 days to remit money between enterprises, and the cost is quite high. After the B-side payment is completed, we will penetrate into the C-side payment.I hope one day when you spend all over the world, you can use JD stablecoin to pay. “Liu Qiangdong said.

Stablecoins refer to cryptocurrencies with value anchored to various fiat currencies. As an asset on blockchain, the advantage of stablecoins is that they can deeply integrate with cryptocurrency projects (such as DeFi) at the blockchain infrastructure level, and the network is outstanding in terms of network scalability.

Passionategeekz found out thatJD.com announced last year that it will issue cryptocurrency stablecoins pegged to the Hong Kong dollar in Hong Kong. According to the official website of JINGDONG Coinlink, a subsidiary of JD Technology Group, JD Stablecoin is a stablecoin based on a public chain and 1:1 pegged to the Hong Kong dollar (HKD). It will be issued on the public blockchain. Its reserves are composed of highly liquid and trustworthy assets. These assets are securely stored in independent accounts of licensed financial institutions. The integrity of the reserves is strictly verified through regular disclosure and audit reports.

Liu Peng, CEO of JD Coin Chain Technology, revealed on May 28 that JD Stablecoin has not been officially issued.Currently entering the second phase of sandbox testingwill provide mobile and PC application products to retail and institutions. The test scenarios mainly include cross-border payments, investment transactions, retail payments, etc.

According to the information released by the official website of the Hong Kong Monetary Authority (HKA), in addition to JD.com Coin Chain Technology, there are also Yuanbi Innovation Technology, Standard Chartered Bank, Aiming Group, and HKT Hong Kong Telecom.

Vice President of Ant Group and President of Ant Digital Blockchain BusinessBian Zhuoqun once revealed in an interview with reporters，Ant Digital Technology has started applying for a Hong Kong stablecoin licensehas conducted too many rounds of communication with regulators. It is reported that Ant Digital has listed Hong Kong as its global headquarters this year and has completed the first trial of the regulatory sandbox in Hong Kong.

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